11 ms·
Land Value Tax should help reflect the opportunity cost for the community as well as the benefit to cashing out of a property.
by mjevans 3y ago
Land Value Tax should help reflect the opportunity cost for the community as well as the benefit to cashing out of a property.
- phlakaton 3y agoLVT takes no consideration of the improvements done to the property, of course. Great for aligning taxation to the opportunity cost of the property, but I would think it would dramatically underestimate the value of cashing out of the property.
- mjevans 3y agoYou imply it's the only tax, rather than one of the total taxes.